California-based homebuilder Ryland Group Inc. recently opened a new community named Sweetwater, which is located in the reputed Lake Travis Independent School District, Texas near downtown Austin.
This 1400-acre community has a Sweetwater Club, a 10-acre complex, an outdoor pavilion, resort-style pool, splash pad, sports fields and lawn. The community also has an indoor space for organizing events or for other leisure activities. Residents can easily access Hill Country Galleria, Shops at the Galleria, as well as the Lakeway Regional Medical Center.
The complex has nine floors ranging from 1,669 to 3,074 sq. ft. The homes have been built keeping in mind the lifestyle of Austin homebuyers. They are beautifully designed and offer flexible indoor and outdoor living, additional flex space, unique built-in storage and luxury master suites. The homes are equipped with Ryland’s energy-efficient HouseWorks program to preserve natural resources and save monthly utility bills.
Ryland has been constantly introducing new communities, thus capitalizing on the improving housing markets. The favorable situation in the housing market has resulted in increase in demand for new homes, where inventory levels are dropping and prices are moving up.
Ryland is expected to report its first quarter 2013 results on Apr 24 and our proven model conclusively shows that Ryland is likely to beat earnings this quarter, as it has both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method) of 6.90% and a Zacks Rank #3 (Hold).We caution against stocks with Zacks Rank #4 and #5 (Sell rated stocks) going into the earnings announcement.
Other stocks in the homebuilding sector that are worth considering include NVR Inc (NVR - Snapshot Report), D. R. Horton Inc. (DHI - Analyst Report), and Beazer Homes USA Inc. (BZH - Snapshot Report). While NVR holds a Zacks Rank #1 (Strong Buy), D. R. Horton and Beazer Homes hold a Zacks Rank #2 (Buy).